Cintas Board of Directors Approves 4-For-1 Stock Split
May 02 2024 - 4:15PM
Business Wire
Stock split to increase accessibility to all
investors, including Cintas employee-partners.
Cintas Corporation (Nasdaq: CTAS), a leading provider of
business-to-business services, today announced that its Board of
Directors approved a four-for-one split of its common stock.
Shareholders of record, as of September 4, 2024, will receive three
additional shares for each share held, which will be distributed
after market close on September 11, 2024. Cintas’ shares are
expected to begin trading on a post-split basis at the market open
on Thursday, September 12, 2024. Prior to this announcement,
Cintas’ most recent stock split was in 2000.
“At Cintas, we call our employees ‘partners’ in recognition of
the value that each individual contributes to our success as a
company. Our founder, Dick Farmer, also believed the importance of
each employee-partner having ownership in the company to share
collectively in that success,” said Todd Schneider, Cintas'
President and Chief Executive Officer. “Cintas shares are trading
near record highs as a result of our steadfast focus on serving our
customers. We believe that the time is right to split the stock and
increase its accessibility to our employee-partners and investors
so that they can continue to share in the future growth of
Cintas.”
The company expects that the stock split will increase the
number of shares of Cintas’s outstanding common stock from
approximately 101 million shares to approximately 404 million
shares.
About Cintas
Cintas Corporation helps more than one million businesses of all
types and sizes get Ready™ to open their doors with confidence
every day by providing products and services that help keep their
customers’ facilities and employees clean, safe, and looking their
best. With offerings including uniforms, mats, mops, restroom
supplies, first aid and safety products, fire extinguishers and
testing, and safety training, Cintas helps customers get Ready for
the Workday®. Headquartered in Cincinnati, Cintas is a publicly
held Fortune 500 company traded over the Nasdaq Global Select
Market under the symbol CTAS and is a component of both the
Standard & Poor’s 500 Index and Nasdaq-100 Index.
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Officer: 513-972-2079 Jared S. Mattingley, Vice President -
Treasurer & Investor Relations: 513-972-4195
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